Singapore-based energy firm Sinolam files arbitration request against Panama
The Straits Times
The arbitration is based on the Panama-Singapore Free Trade Agreement, Sinolam said. Read more at straitstimes.com.
Houston - Singapore-based energy developer Sinolam International has filed for arbitration before a World Bank international court against Panama following the cancellation of its licence for a gas-fired power generation project, the company said on March 19.
The International Centre for Settlement of Investment Disputes registered a request for arbitration proceedings on March 16, according to the tribunal’s records.
The arbitration is based on the Panama-Singapore Free Trade Agreement, Sinolam added in a release.
The company said it had invested in the project, intended to build and operate a 441MW plant to provide low-emission electricity for Panama, but in 2024, the government unilaterally cancelled the licence through regulatory action.
The arbitration request follows a separate US$4 billion (S$5.1 billion) lawsuit filed in 2026 by Sinolam LNG Terminal and Sinolam Smarter Energy LNG Power in a Virginia court against US-based utility AES Corp and InterEnergy Holdings.
In its complaint, Sinolam accused AES and its partners of anti-competitive conduct aimed at derailing Sinolam’s planned LNG terminal and the gas-fired power project in Colon, Panama.
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The arbitration is based on the Panama-Singapore Free Trade Agreement, Sinolam said. Read more at straitstimes.com.
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